A 330-Room Hotel Is Two-Thirds Filled When the Nightly Room $\$ 55.00$

question 33

Multiple Choice

A 330-room hotel is two-thirds filled when the nightly room rate is $70.Experience has shown that each $5 increase in cost results in 10 fewer occupied rooms.Find the nightly rate that will maximize
Income.

• A) \(\$ 55.00\)
• B) \(\$ 180.00\)
• C) \(\$ 90.00\)
• D) \(\$ 270.00\)
• E) \( \$ 117.50\)

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